Last week’s Question:
How did the Right whale get its name? A. When the Right whale blows, the water spout arcs to the right.
B. Unlike the promiscuous Minke whale, Right whales mate for life and generally have conservative values.
C. Right whale blubber contains a high-grade whale oil and thus these whales were once considered the “right whales” to harvest.
D. The whale is named after Thomas Right, a biologist who lived on Nantucket Island in the early 1700’s.
The answer is “C”. Not only does Right whale blubber contain high grade oil, there is enough oil that a dead whale floats. These two characteristics were why whalers preferred Rights. The blow of a Right whale is a distinctive vee shape, so if you picked “A” you were half right about a Right. Despite the hand wringing about the low numbers of North Atlantic Right whales, in total the Right whale population is likely over 15,000, the majority being Southern Right whales. This begs the question: If a southern white male moves to Maine, will he be counted as resident of New England?
New Question: Last week, President Biden announced a plan whereby he unilaterally “forgave” all, or portions of, 43 million outstanding student loans. In that context, which of the following statements is false?
A. According to the Constitution, only Congress, acting in the name of the USA, can raise money, spend money, and borrow money.
B. The White House refuses to put a price tag on Biden’s plan. But, based on Biden’s own numbers, the cost of his plan could be well over half a TRILLION dollars.
C. At the federal level, the amount of student loan forgiveness an individual receives will count a taxable income.
D. In Maine, a married couple who made $300,000 in 2020 could get as much as $40,000 in loan forgiveness.
E. People who have repaid their student loans will now have to pay for the loan forgiveness of those who did not.